Civic Intelligence

Summit Community Association

990 • Fiscal year 2020 • EIN 33-0400250

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 11, 2021

Organization ProfileN/A
15241 Laguna Canyon RoadIrvine, CA 92618

(949) 448-6000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2020 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

37th percentile

0.06x

Higher debt load relative to revenue than 37% of similar nonprofits.

2020 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2020

Net Margin

59th percentile

12%

Higher net margin than 59% of similar nonprofits.

2020 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

41st percentile

$0

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets30th percentile

Assets

$6,395,290

No earlier filing loaded for comparison.

Net Assets

$6,281,486

No earlier filing loaded for comparison.

Liabilities

$113,804

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin59th percentile

Revenue

$1,918,943

No earlier filing loaded for comparison.

Expenses

$1,691,366

No earlier filing loaded for comparison.

Net Income

$227,577

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2020: $6,395,290Liabilities 2020: $113,804Net Assets 2020: $6,281,4862020Assets 2021: $6,782,195Liabilities 2021: $233,102Net Assets 2021: $6,549,0932021Assets 2022: $6,860,425Liabilities 2022: $137,556Net Assets 2022: $6,722,8692022Assets 2023: $7,326,584Liabilities 2023: $191,255Net Assets 2023: $7,135,3292023Assets 2024: $7,773,212Liabilities 2024: $170,504Net Assets 2024: $7,602,7082024

Highlighted filing

2020

Assets$6,395,290
Liabilities$113,804
Net Assets$6,281,486
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0Revenue 2020: $1,918,943Expenses 2020: $1,691,366Net Income 2020: $227,5772020Revenue 2021: $1,877,188Expenses 2021: $1,609,581Net Income 2021: $267,6072021Revenue 2022: $2,020,656Expenses 2022: $1,846,880Net Income 2022: $173,7762022Revenue 2023: $2,220,314Expenses 2023: $1,807,854Net Income 2023: $412,4602023Revenue 2024: $2,252,403Expenses 2024: $1,785,024Net Income 2024: $467,3792024

Highlighted filing

2020

Revenue$1,918,943
Expenses$1,691,366
Net Income$227,577
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 11, 2021
Return Version
2020v4.1
Gross Receipts
$1,918,943
Mission and Program Overview

Mission

Social improvements by providing for the preservation of the architecture and appearance of the community, and by owning, operating, and maintaining the properties for use of all residents in the entire community on certain real property located in anaheim hills, california. Among the general purposes is to promote the common good, health, safety, and general welfare of all residents within the community. The population of the association is approximately 3,700. No grants are provided to others. The association owns and maintains common areas surrounding a community park and horse trails. All facilities are available to residents and their guests on an unrestricted basis.

The association is obligated to maintain landscaping and common areas and parks accessible to the community and the general public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,986,090$6,253,893▲ $267,803
Cash and Non-Interest-Bearing Accounts$141,810$109,816▼ $31,994
Accounts Receivable$33,280$20,849▼ $12,431
Prepaid Expenses and Deferred Charges$7,314$10,732▲ $3,418
Total Assets$6,168,494$6,395,290▲ $226,796
Liabilities
Deferred Revenue$63,408$63,742▲ $334
Accounts Payable and Accrued Expenses$48,056$50,062▲ $2,006
Other Liabilities$3,121$0▼ $3,121
Total Liabilities$114,585$113,804▼ $781
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,610,304$4,826,679▲ $216,375
Net Assets Without Donor Restrictions$1,443,605$1,454,807▲ $11,202
Total Net Assets Fund Balance$6,053,909$6,281,486▲ $227,577
Total Liabilities and Net Assets / Fund Balance$6,168,494$6,395,290▲ $226,796
Compensation and Service Providers
Top Officer Pay41st percentile

Board Members and Trustees

NameTitle
Roger ConnerPresident
Stephen BekoMember at Large
Janis L MantiniSecretary
Lawrence DickTreasurer
Ward DennisV.p.

Highest Paid Contractors

ContractorServicesLocationCompensation
O'connell LandscapeMonthly Landscape Service23091 ARROYO VISTA, Rsm, CA 92688$866,929
Firstservice ResidentialMonthly Management & Admin. Support15241 LAGUNA CANYON ROAD, Irvine, CA 92618$178,144
Revenue and Support

Revenue Composition

Contributions and Grants
$1,791,600
Program Service Revenue
$0
Investment Income
$98,543
Other Revenue
$28,800
Change in Net Assets
$227,577

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,702,568
Revenue Not Reported on Financial Statements
$216,375
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$216,375
Total Revenue per Audited Statements
$1,702,568
Total Revenue per Form 990
$1,918,943
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,691,366
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$151,479$10,729-$162,208
Fees for Services Management-$105,807-$105,807
Other Expenses$89,753$96,503-$89,753
Insurance-$39,827-$39,827
Fees for Services Legal-$9,977-$9,977
Fees for Services Accounting-$2,248-$2,248
Total Functional Expenses$1,426,275$265,091$0$1,691,366

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,691,366
Total Expenses per Audited Statements$1,691,366
Total Expenses per Form 990$1,691,366
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The association used the services of merit property management (from sept. 2010 to present) to handle day to day operations of the development including collections, bill payments, homeowner assistance, etc. The board has the ultimate responsibility for authorizing payments, selecting vendors, and approving the budget.”

Form 990, Part VI, Section A, Line 6

“Upon purchase of a home with the development, each owner becomes a member of the association.”

Form 990, Part VI, Section A, Line 7A

“The board of directors are voted upon by the membership at an annual meeting which requires a quorum of 50% of the 1,493 voting members. Board members serve a 2 year term and come up for election in alternating cycles.”

Form 990, Part VI, Section A, Line 7B

“Dues increases in excess of the 20% allowed by the davis-sterling act are subject to approval of the membership. Special assessments in excess of 5% of the budget are also subject to membership approval.”

Form 990, Part VI, Section B, Line 11B

“Upon preparation, a copy of form 990 is provided to the association's board of directors for review. Upon approval, the board's treasurer signs the return as board representative and mails the form to the ogden, ut processing center.”

Form 990, Part VI, Section B, Line 12C

“The association retains the services of a management company to monitor board activity and document the minutes of the board meetings. The management company provides the membership with candidate information in conjunction with election meetings.”

Form 990, Part VI, Section C, Line 19

“Upon purchase of a home within the development, each owner receives a copy of the association's governing documents through escrow. Copies of the conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Summit Community Association
EIN
33-0400250
Phone
9494486000
Address
15241 LAGUNA CANYON ROAD, IRVINE, CA 92618

Signing Officer

Name
Majid Maleki
Title
President
Phone
9494486000
Signed
2021-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roger Conner
Formed
1989
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Owens Moskowitz and Associates Inc
Address
27792 EL LAZO, LAGUNA NIGUEL, CA 92677
Preparer
Robert a Owens CPA
Phone
9498515020
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Change in contract liabilities”

Raw XML Appendix344 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0SOCIAL IMPROVEMENTS BY PROVIDING FOR THE PRESERVATION OF THE ARCHITECTURE AND APPEARANCE OF THE COMMUNITY, AND BY OWNING, OPERATING, AND MAINTAINING THE PROPERTIES FOR USE OF ALL RESIDENTS IN THE ENTIRE COMMUNITY ON CERTAIN REAL PROPERTY LOCATED IN ANAHEIM HILLS, CALIFORNIA. AMONG THE GENERAL PURPOSES IS TO PROMOTE THE COMMON GOOD, HEALTH, SAFETY, AND GENERAL WELFARE OF ALL RESIDENTS WITHIN THE COMMUNITY. THE POPULATION OF THE ASSOCIATION IS APPROXIMATELY 3,700. NO GRANTS ARE PROVIDED TO OTHERS. THE ASSOCIATION OWNS AND MAINTAINS COMMON AREAS SURROUNDING A COMMUNITY PARK AND HORSE TRAILS. ALL FACILITIES ARE AVAILABLE TO RESIDENTS AND THEIR GUESTS ON AN UNRESTRICTED BASIS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHANGE IN CONTRACT LIABILITIES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION USED THE SERVICES OF MERIT PROPERTY MANAGEMENT (FROM SEPT. 2010 TO PRESENT) TO HANDLE DAY TO DAY OPERATIONS OF THE DEVELOPMENT INCLUDING COLLECTIONS, BILL PAYMENTS, HOMEOWNER ASSISTANCE, ETC. THE BOARD HAS THE ULTIMATE RESPONSIBILITY FOR AUTHORIZING PAYMENTS, SELECTING VENDORS, AND APPROVING THE BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON PURCHASE OF A HOME WITH THE DEVELOPMENT, EACH OWNER BECOMES A MEMBER OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ARE VOTED UPON BY THE MEMBERSHIP AT AN ANNUAL MEETING WHICH REQUIRES A QUORUM OF 50% OF THE 1,493 VOTING MEMBERS. BOARD MEMBERS SERVE A 2 YEAR TERM AND COME UP FOR ELECTION IN ALTERNATING CYCLES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DUES INCREASES IN EXCESS OF THE 20% ALLOWED BY THE DAVIS-STERLING ACT ARE SUBJECT TO APPROVAL OF THE MEMBERSHIP. SPECIAL ASSESSMENTS IN EXCESS OF 5% OF THE BUDGET ARE ALSO SUBJECT TO MEMBERSHIP APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON PREPARATION, A COPY OF FORM 990 IS PROVIDED TO THE ASSOCIATION'S BOARD OF DIRECTORS FOR REVIEW. UPON APPROVAL, THE BOARD'S TREASURER SIGNS THE RETURN AS BOARD REPRESENTATIVE AND MAILS THE FORM TO THE OGDEN, UT PROCESSING CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ASSOCIATION RETAINS THE SERVICES OF A MANAGEMENT COMPANY TO MONITOR BOARD ACTIVITY AND DOCUMENT THE MINUTES OF THE BOARD MEETINGS. THE MANAGEMENT COMPANY PROVIDES THE MEMBERSHIP WITH CANDIDATE INFORMATION IN CONJUNCTION WITH ELECTION MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON PURCHASE OF A HOME WITHIN THE DEVELOPMENT, EACH OWNER RECEIVES A COPY OF THE ASSOCIATION'S GOVERNING DOCUMENTS THROUGH ESCROW. COPIES OF THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt06168494
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IRS990/TotalContributionsAmt01791600
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01426275
IRS990/TotalFunctionalExpensesGrp/TotalAmt01691366
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0113804
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IRS990/TotalLiabilitiesGrp/EOYAmt0113804
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06053909
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01918943
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092618
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MAJID MALEKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09494486000
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SUMMIT COMMUNITY ASSOCIATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O FIRSTSERVICE RESIDENTIAL
ReturnHeader/Filer/BusinessNameControlTxt0SUMM
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OWENS MOSKOWITZ AND ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt027792 EL LAZO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAGUNA NIGUEL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
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ReturnHeader/PreparerPersonGrp/PhoneNum09498515020
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT A OWENS CPA
ReturnHeader/ReturnTs02021-04-20T15:29:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MAJID
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MALEKI
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,395,290
Liabilities
$113,804
Net assets
$6,281,486
Revenue
$1,918,943
Expenses
$1,691,366
Net income
$227,577
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.77$0.17$7.60$2.25$1.79$0.47
2023Detailed filing. Detailed filing data is available for this year.$7.33$0.19$7.14$2.22$1.81$0.41
2022Detailed filing. Detailed filing data is available for this year.$6.86$0.14$6.72$2.02$1.85$0.17
2021Detailed filing. Detailed filing data is available for this year.$6.78$0.23$6.55$1.88$1.61$0.27
2020Detailed filing. Detailed filing data is available for this year.$6.40$0.11$6.28$1.92$1.69$0.23